AUTHORIZATION AND Clause Samples
The 'Authorization and' clause establishes the authority granted to a party to perform certain actions or access specific information under the agreement. In practice, this clause may specify which individuals or entities are permitted to act on behalf of a party, such as signing documents, making decisions, or accessing confidential data. By clearly defining who is authorized and the scope of their authority, this clause helps prevent unauthorized actions and ensures that all parties understand the limits and permissions involved in the contractual relationship.
AUTHORIZATION AND. ENFORCEABILITY Borrower has the power and authority to execute, deliver and perform this Agreement, the Warehousing Note and the other Loan Documents to which Borrower is a party and to make the borrowings under this Agreement. The execution, delivery and performance by Borrower of this Agreement, the Warehousing Note and the other Loan Documents to which Borrower is party and the making of the borrowings under this Agreement, and the Warehousing Note, have been duly and validly authorized by all necessary corporate action on the part of Borrower (none of which actions has been modified or rescinded, and all of which actions are in full force and effect) and do not and will not conflict with or violate any provision of law, of any judgments binding upon Borrower, or of the articles of incorporation or bylaws of Borrower, conflict with or result in a breach of, constitute a default or require any consent under, or result in or require the acceleration of any indebtedness of Borrower under any agreement, instrument or indenture to which Borrower is a party or by which Borrower or its property may be bound or affected, or result in the creation of any Lien upon any property or assets of Borrower (other than the Lien on the Collateral granted under this Agreement). This Agreement, the Warehousing Note and the other Loan Documents to which Borrower is a party constitute the legal, valid and binding obligations of Borrower, enforceable in accordance with their respective terms, except that enforceability may be limited by bankruptcy, insolvency or other such laws affecting the enforcement of creditors' rights and general principles of equity.
AUTHORIZATION AND. Execution . The execution, delivery and performance of this Agreement has been duly authorized by all necessary action on the part of the Purchaser, and this Agreement has been duly executed and delivered by the Purchaser, assuming due authorization, execution and delivery by the Company, this Agreement is a legal, valid and binding obligation of the Purchaser, enforceable against the Purchaser in accordance with its terms, except as enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or other similar laws relating to or affecting creditors’ rights generally or by general equitable principles.
AUTHORIZATION AND. EXECUTION The signing of this Memorandum of Understanding does not constitute a formal undertaking, and as such it simply intends that the signatories shall strive to reach, to the best of their abilities, the goals and objectives stated in this MOU.
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AUTHORIZATION AND. Execution Each of Buyer and Merger Sub has the corporate power and authority to execute and deliver this Agreement and to consummate the transactions contemplated hereby. The execution, delivery, and performance of this Agreement by Buyer and Merger Sub have been duly authorized by the Boards of Directors of Buyer and Merger Sub, and no further corporate action of either Buyer or Merger Sub is necessary to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by Buyer and Merger Sub and, assuming the accuracy of the representations and warranties of Lexington set forth in Section 3.2(c), this Agreement constitutes the legal, valid, and binding obligation of Buyer and Merger Sub, enforceable against them in accordance with its terms, except to the extent that enforceability may be limited by applicable bankruptcy, insolvency, or similar laws affecting the enforcement of creditors' rights generally, and subject to general principles of equity.